Recent content by LU Trader

caru, if they tell you they sent you your check 10 times, 9 of those times they're lying if you are lucky. If you are lucky, they'll be telling the truth the 10th time. That's what they always do...they just lie about sending out checks, so I don't know how they "put you at ease".

Yes, but there's one major difference between prop and retail. in some prop arrangements, you may only lose up to your deposit and that's it. In retail, with margin, you could be looking at serious liabilities (more than what you put in) if a market catastrophe occurs. In prop arrangements where...

I didn't really want to post this because I might get yelled at and labelled mentally disabled or something of that sort, but I kinda felt I should say what I think... First though, I should say that IF Lay and Skilling did intentionally defraud people out of billions and knew what they were...

Hey, this is a serious question...and I pull the trigger hundreds of times a day! - on real money. Actually, it is BECAUSE I have real money on the line that I am concerned with this hypothetical situation... Things that may be unimaginable do happen sometimes, people do lose millions of...

Don, what kind of loss assignment are we talking about? At a prop firm, say a trader is long full buying power, $5million in a trade...the stock gets halted, the company is going under, and the guy just lost $5million. Say there are 50 traders in total, are we saying that each trader might be...

What is the per share that people pay at Genesis? Can I get $1/trade or even $1 per thousand shares there?

lmao!! No no, I was not wasted when I posted that. Wasn't high or stoned either. Let me explain my rationale. I am knocking HLV because of their problems, which in my opinion are mainly not sending out checks on time according to their promise, and lying constantly about all sorts of things...

We are trading again at HLV. Glad their word was the truth this time. The checks came in too. Now, they have to make sure they send out their checks on time every time, and HLV would actually be a good place to trade!

I certainly hope this is true - we will see tomorrow morning, but we never know, considering how they've told us we'd start trading again every single day. Even so, HLV has got to start paying us on time! It is getting really annoying being lied to and having to chase after our checks every...

McElite, somebody at HLV on the phone said they personally sent out the checks last Thursday, another staff member said "Yes, it looks like they were sent on the 25th", and "I don't know why you haven't gotten a check yet, they were all sent out", etc. Then this week, when you asked them why...

Because HLV is not a NASD firm, the NASD has no regulatory power over it. The NASD does not know anything about HLV. Something strange is going on.

I have experiences where HLV is consistently late on their cheques. The worst thing is that their staff tells you that the cheques were sent out a week ago, but it never arrives until 2 or 3 weeks later - if we are talking about the contract, HLV does not follow it at all, and I fear that my...